Calculate the multifactor productivity for this operation

Assignment Help Operation Management
Reference no: EM131399937

A health club has 3 employees who work on lead generation. Each employee works 25 hours a week, and is paid $23 an hour. Each employee identifies an average of 220 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a one-time fee of $115. Material costs are $195 per week, and overhead costs are $1,205 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input. The multifactor productivity for this operation in fees generated per dollar of input = (round to 4 decimal places)

Reference no: EM131399937

Questions Cloud

According to maslow hierarchy of needs theory : According to Maslow’s Hierarchy of Needs Theory, why would a routine job be motivating in an undeveloped country like Somalia, yet not motivating in developed countries?
Labor content of the jobs needed to produce shopping carts : A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Compute the multifactor productivity (MFP) (labor plus equipm..
Compute the multifactor productivity measure : Compute the multifactor productivity measure for an 8 hour day in which the usable output was 503 units, produced by 5 workers who used 705 pounds of materials. Workers have an hourly wage of 19 and material cost is 1.9 per pound. Overhead is 1.3 tim..
Overstepping ethical boundaries for stakeholder agendas : Give one example of a company overstepping ethical boundaries for stakeholder agendas, and identify what types of preventative measures could be taken to avoid this type of situation. What are the characteristics of SAS or other data management syste..
Calculate the multifactor productivity for this operation : A health club has 3 employees who work on lead generation. Each employee works 25 hours a week, and is paid $23 an hour. Each employee identifies an average of 220 possible leads a week from a list of 8,000 names. Calculate the multifactor productivi..
Contrast corporate strategy and business strategy : Investigate and list the core business process in a business environment in the context of operations and the associated generated data. Are public health programs more susceptible to health care fraud than private health care programs? Compare and c..
How important is determining capacity utilization : Describe how a master data system may be designed for a product development function. Explain the role of ethics and social responsibility in developing a stratgeic plan while considering stakeholder needs and agendas. How important is determining Ca..
Annual inventory cost under the optimal inventory policy : Inventory Management, EOQ In 2014, BabyStuff, a fictional U.S. manufacturer of children's apparel has an average inventory of around $350,000,000, and the cost of goods sold is around $1,050,000,000. What is the store’s annual inventory cost under th..
Describing the boston consulting group portfolio model : After describing the Boston Consulting Group Portfolio Model, apply the model to classify the SBUs into the appropriate categories, and to prepare a portfolio matrix.

Reviews

Write a Review

Operation Management Questions & Answers

  Many common ethical concerns in marketing communication

There are many common ethical concerns in marketing communication. State THREE of these concerns, giving an example of each and a detailed explanation of why each is troublesome.

  Describe the importance of human resource planning

Discuss or describe the importance of human resource planning in organizations and give examples of the critical linkages that exist between strategic planning and human resource planning.

  What are some managerial styles

what are some managerial styles you would employ in managing an emloyee who is considered baby boomer.

  Define the strategic goals of supply chain management

Define the strategic goals of supply chain management, and indicate how each element of a supply chain (purchasing, production, inventory, and transportation and distribution) has an impact on these goals.

  Research an organization and identify the firm

Select only one topic from the list below. In your response, research an organization and identify the firm. You may use your current or past employer or another organization you know.

  Estimation of annual inventory carrying cost

Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%.

  Barriers to international trade-tariffs-non-tariff barriers

There are two main barriers to international trade, tariffs and non-tariff barriers. For this discussion choose a country and illustrate at least 3 ways these barriers work and under what circumstances they might be applied.

  Explain three compelling political and or legal reasons

Prior to the industrial revolution, China was an economic powerhouse, generating one-third of the world’s GDP and producing the highest percentage of the world’s goods. Identify and explain three compelling economic reasons to invest in China. Identi..

  How well is this company performing

What service line is Walt Disney Company is performing? How well is this company performing?

  Businesses will participate in global trade in the future

About 95 percent of the world's population lives outside the United States but many U.S. companies, especially small businesses, still do not engage in global trade. Why not? Do you think more small businesses will participate in global trade in the ..

  Calculate the necessary values-format the titles

You work at ABC Electronic and this is your first day. Your supervisor has given you a task to inventory all of the small electronics such as mp3's, iPods and tablets in MS Excel. Explain how you will calculate the necessary values, format the titles..

  What might be each company negotiating interests

In negotiations between an international company and a small company in a developing country to set up an international joint venture, what might be each company's negotiating interests? What are some likely conflicts that will arise during negot..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd